CA Immobilien Anlagen AG2010年年度报告.pdf

1、ANNUAL REPORT 2010KEY FIGURES KEY FIGURES OF SHAREWE MAKE OUR WAY BY PLANNING THE RIGHT STEPS AT THE OUTSET.KEY FIGURES 4 INCOME STATEMENT 2010 2009Rental income m164.3 177.0EBITDA m139.4 141.9Operating result(EBIT)m183.3 3.0Net result before taxes(EBT)m75.8 134.5Consolidated net income m43.8 134.7a

2、ttributable to the owners of the parent m45.4 76.9Operating cash flow m120.9 120.5Capital expenditure m326.7 274.9 BALANCE SHEET 2010 2009Total assets m4,379.5 4,310.6Stated value(equity)(incl.minority interests)m1,659.9 1,729.2Long and short term financial liabilities m2,125.2 1,976.5Net debt m1,76

3、6.6 1,472.3Gearing%106 85Equity ratio%38 40Equity-to-fixed-assets ratio%44 49Net asset value m1,641.8 1,559.0Net asset value(NNNAV)m1,664.9 1,612.1 PROPERTY PORTFOLIO 2010 2009Total usable space(excl.parking,excl.projects)sqm1,476,802 1,518,180Gross yield investment properties%5.8 6.4Book value of p

4、roperties m3,612.2 3,515.8 KEY FIGURES KEY FIGURES 5 KEY FIGURES OF SHARE 2010 2009Rental income/share 1.88 2.05Operating cash flow/share 1.38 1.40Undiluted earnings per share 0.52 0.89Diluted earnings per share 0.52 0.89NNNAV/share 18.95 18.47NAV/share 18.69 17.87Price(key date)/NNNAV per share 11)

5、%37 57 MULTIPLIERS 2010 2009P/E ratio(KGV)23 9Price/cash flow 9 6 EV/EBITDA 18 14 VALUATION 2010 2009Market capitalisation(key date)m1,046 689market capitalisation(annual average)m809 555Stated value(equity)(incl.minority interests)m1,659.94 1,729.20 Enterprise Value(EV)m2,575.7 2,020.5Net asset val

6、ue(NNNAV)m1,664.89 1,612.10 SHARES 2010 2009number of shares(31.12.)pcs.87,856,060 87,258,600 Number of shares pcs.87,333,896 86,141,113 price/share 9.3 6.5 Closing price(31.12.)11.91 7.90Highest price 11.95 11.88Lowest price 7.01 2.35 1)before deferred taxes ISIN:ATOOOO641352/REUTERS:CAIV.VI/BLOOMB